June 2009

MMX MMX

TheThe onlyonly oneone ofof itsits kindkind

Disclaimer

This presentation relating to MMX Mineração e Metálicos S.A. (“MMX”) includes “forward-looking statements”, as that term is defined in the Private Securities Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could be deemed forward-looking statements and are often characterized by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or “intends”, or by discussions or comments about our objectives, strategy, plans or intentions and results of operations. Forward-looking statements include projections regarding our operating capacity, operating expenditures, capital expenditures and start-up dates.

By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such statements may not be indicative of results or developments in future periods. We caution participants of this presentation not to place undue reliance on these forward-looking statements as a number of factors could cause future results to differ materially from these statements.

Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals on a timely basis or at all, exploration for mineral resources and reserves, difficulty in converting geological resources into mineral reserves, and changes in economic, political and regulatory conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as well as other uncertainties and events.

MMX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which can only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any other jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without MMX’s prior written consent.

Investor Relations

Chequer Bou-Habib - IRO

Priscylla Setimi - IR

Tel. 55 21 2555-5558 / 5234

ri@mmx.com.br

An EBX Group Company

EBX´s publicly held companies

All companies are listed in BOVESPA´s Novo Mercado Corporate Governance segment, consolidating a

market capitalization of close to US$ 20,0 Bi*.

Core Business: Logistics

Market Cap:

US$ 1,3 Bi*

Controlling Shareholder:

58%

Core Business: Power Generation

Market Cap: US$ 1,0 Bi*

Controlling Shareholder:

76%

Core Business: Oil & Gas

Market Cap: US$ 16,6 Bi*

Controlling Shareholder:

61%

Core Business: Mining

Market Cap:

US$ 1,1 Bi*

Controlling Shareholder:

65%

*Source: Broadcast as of June, 01th 2009; BRL 1,944/USD (BACEN)

4

Recent Events

MoU among MMX, LLX and Wuhan Steel

Non-exclusive, non-binding MoU with relevant opportunities for MMX and EBX group

6

• Integrated 5 million ton per year steel plant at Açu Super Port;

• WISCO off-take of MMX Sudesteproduction;

• Restatement of the port services agreement among WISCO, MMX and LLX;

• Acquisition of stake in MMX and/or MMX Sudeste;

• Supply of steel products by WISCO to BEX.

The Announcement

• Off-take of the entire

MMX Sudeste production at benchmark prices; and

• Sale of a stake in MMX and/orMMX Sudeste – cash in to face CAPEX programs.

MMX potential upsides

MoU among MMX, LLX and Wuhan Steel

Who is Wuhan?

7

� Wuhan Iron and Steel Corporation (WISCO) was created in 1955;

� WISCO is the first giant iron and steel complex established after the founding of the People’s

Republic of China;

� WISCO has an annual production capacity of 31 million tons, ranking the third in China and

the sixteenth worldwide in terms of size;

� The president of Wuhan happens to be also the President of CISA (China Iron and Steel

Association);

� WISCO is an integrated producer who owns a complete set of processing plants composed

of mining, coking, sintering, iron making, steel making, rolling and the associated utilities;

� WISCO is making great efforts to enter into the rank of the 500 top enterprises in the world

and becoming an important automobile sheets producer in China by the year of 2010.

A unique story

MMX Sudeste

9

The only one of its kind

MMX uniqueness:

� high quality iron ore;

� low cash cost, due to the high in situ ore content and

high productivity;

�secured logistics, through long-term agreements with

rail, barges and port services providers, including LLX Sudeste

Port, its sister company;

� the unique independent operating Brazilian

junior mining company;

� experienced Management in selecting high value

mining assets, implementing and operating mining projects;

� proven ability in delivering value to

shareholders.

MMX S.A. is the exclusive vehicle of EBX Group for investments in mining and metals, focusing on the production capacity increase through organic growth and the development of new opportunities.

Corumbá

SystemSudeste

System

MMX de

Chile

Since IPO (July’06), a lot has been delivered…

� Implementation of MMX Amapá System - mine, railroad and port - in 14-month record

time;

� implementation of MMX Corumbá iron ore mine in 8 months;

� implementation of MMX Corumbá pig iron furnaces in 12 months;

� basic engineering studies of MMX Minas-Rio;

� development of strategic partnerships with Anglo American and Cleveland Cliffs;

� close of long-term off-take agreements with traditional steel makers in Brazil and

seaborne market;

� business restructuring : split-up of LLX and sale of assets – MMX Minas-Rio and MMX

Amapá - to Anglo American;

�development of MMX Sudeste System: assets acquisition, development of secured

logistics and expansion plans;

� going abroad: Minera MMX de Chile and the good perspectives of iron ore in Chile.

Jul2006

Nov2008

10

MMX structure

MMX Sudeste

100%

Minera MMX

de Chile

30% Centennial Asset Corumbá

Corumbá System

100%70%

MMX Corumbá

Mineração

MMX Corumbá

Mineração

MMX Metálicos

Corumbá

MMX Metálicos

Corumbá

Bom Sucesso under basic engineering studies

Assets acquired by MMX (AVG: dec-07; Minerminas: jan-08)

100%

100%

Sudeste SystemBom Sucesso

AVGAVG MinerminasMinerminasBom SucessoBom Sucesso

100%

MMX SudesteMMX Sudeste

100%

Free Float

34.71%

Controlling Shareholders

65.29%

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Corumbá System started-up in 2005 (Mining) and 2007 (Metallics)

Serra Azul & Bom Sucesso

Sudeste System

13

Located at Iron Ore Quadrangle, MMX Sudeste System has an unique

combination of high grade iron ore, low cost and secured logistics.

BOM SUCESSO TENEMENT

LLX SUDESTE PORT

14

�� Assets acquisitionsAssets acquisitions concluded on Janconcluded on Jan’’08; 08;

�� Construction of Magnetic Concentration Plant and a Construction of Magnetic Concentration Plant and a

series of operational enhancements led Serra series of operational enhancements led Serra AzulAzul site to site to

reach reach 8.7 8.7 MtpyMtpy as annual installed production as annual installed production

capacitycapacity in Nov, 2008;in Nov, 2008;

Serra Azul site: 8.7 Mtpy of capacity reached on Oct’08

�� Rail capacityRail capacity secured through longsecured through long--term agreement term agreement

with MRS up to 15 with MRS up to 15 MtpyMtpy;;

�� Port capacityPort capacity secured with CSN Terminal de secured with CSN Terminal de CargaCarga

de de ItaguaItaguaíí Port: 2 million Port: 2 million tonnestonnes annually, from 2009 to annually, from 2009 to

2011;2011;

�� Port capacityPort capacity from midfrom mid--2011 till 2032 secured 2011 till 2032 secured

through longthrough long--term agreement with LLX term agreement with LLX SudesteSudeste Port;Port;

�� LongLong--term Offterm Off--take agreementstake agreements with domestic with domestic

miners and steel makers;miners and steel makers;

�� Developing longDeveloping long--term relationship with foreign steel term relationship with foreign steel

makers through makers through trial shipments, trial shipments, aiming at becoming a aiming at becoming a

consistentconsistent international supplierinternational supplier..

Operations Sales & Logistics

Magnetic Concentration Plant – Start-up Oct 30’08

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Bom Sucesso site: outstanding magnetite content and logistics

View from the west hillside of the Bom Sucesso mountain ridge

�� Acquisition of mining rights concluded on JulyAcquisition of mining rights concluded on July’’08;08;

�� Unique Unique magnetite contentmagnetite content (30%)(30%);;

�� The The closest iron ore asset to the shore closest iron ore asset to the shore –– 240km 240km

(lower rail tariff);(lower rail tariff);

�� Greenfield basic engineering studies and environmental Greenfield basic engineering studies and environmental

licensing under development;licensing under development;

�� Rail capacity under negotiation with MRS to extend current Rail capacity under negotiation with MRS to extend current

contract for additional 17 contract for additional 17 mtmt up to 2032.up to 2032.

Expected Quality:

Fe: 67.2%

SiO2: 2.5%

AL2O3: 0.5%

P: 0.033%

PPC: 0.6%

FeO: 8.8%

Tests

MMX Sudeste: aggressive expansion plan to become an international player

Total Capex*

US$ 1,026 MM

Production Capacity

2009 to 2013 Expansion plan built up in 3 phases:

Phase I: the installed annual capacity to

reach 8.7 Mtpy was achieve in Oct’08 upon

the start-up of the Magnetic Concentration

Plant;

Phase II: Serra Azul brownfield expansion up

to 16.3 Mtpy – approx Capex US$360MM

Current under detailed engineering and licensing

studies

Phase III: Bom Sucesso greenfield project,

adding 17.4 Mtpy of high magnetite iron ore –

approx Capex US$640MM

Current under basic engineering studies

16*Capex and timeline to be confirmed upon conclusion of detailed engineering studies and analysis of market conditions; average exchange rate R$2.12

PHASE I

CONCLUDED

3.48.7 8.7

18.514.7 16.3

17.417.4

3.4

8.7 8.7

18.5

32.133.7

2008 2009 2010 2011 2012 2013

Bom Sucesso

Serra Azul

PHASE I PHASE II PHASE III

23

146 13073

105

362

168

31

251

492

241

11

2008 2009 2010 2011 2012

LLX Sudeste Port: dedicated to iron ore

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� The preliminary environmental

license (“Environmental License”)

is already approved;

� “Port Sudeste” considered

eligible by BNDES for long term

financing;

� Capacity to handle 50 million

ton/year of iron ore. It will serve

MMX Sudeste System and other

producers from Minas Gerais' Iron

Ore Quadrangle;

� Start-up: second half 2011.

Chile

Preliminary tests in Ouro Preto pilot plant:

-Fe: 67,50%

- SiO2: 2,5%

- Al2O3: 0,85%

- P: 0,015%

Iron Ore in Chile: quality & logistics

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Patrícia

Bella

Fortuna-

Fierro

Teatino

s

50km distant from the Chilean coast

approx 1,760 hectares

Pellet feed with high magnetite content

Existing railroad (FERRONOR)

4 mining rights (2 purchase and options

agreements)

USD 44,5 million

EBX has 240,000 ha property at Atacama region

Permits to develop the urban, industrial and port

zones

Water availability with permits

Guaranteed site contract for:

89 ha of premium area (port)

782 ha of retro-area

Unlimited scalability for a long-term

development

Located close to mining players

Opportunities for industrial businesses:

Port / Thermo

Puerto

Punta Cachos

Logistics: Puerto Punta Cachos

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Corumbá System

MMX Corumbá Mineração

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Production Capacity* 2009 to 2013

*Capex and timeline to be confirmed upon conclusion of detailed engineering

studies and analysis of market conditions

1.62.1

3.2 3.2 3.2

3.1

1.62.1

3.2 3.2

6.3

2008 2009 2010 2011 2012

NE & Rabicho Mine

63 Mine

PHASE I PHASE II PHASE III

Ladário Port

Sales

Logistics

� Transport is made in barges down the Paraguay River delivering products to

South American customers and to Rosario Port, where cargo is shipped to

Europe.

� MMX has long-term contracts with local and international barge operators;

� Rosario Port in Argentina: Handymax vessels

� MMX has Long Term Supply Agreements – 5 years,

in average - with traditional steel makers in South

America and Europe.

MMX Metálicos Corumbá: Pig Iron plant

Pig Iron:Pig Iron:

� 2 blast furnaces already with total installed capacity (400 MTPY);

� forestry program in maintenance: planted area of 6 thousand hectares.

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MMX announced, on May 04, 2009, that the operation of

the Pig Iron Unit will be kept suspended and the

production will be resumed according to the recovery of

the steel industry, in Brazil and worldwide.

The activities of the forestry unit will remain suspended

and the necessary maintenance activities of the planted

area will be maintained.

Financial Results

Financial Results

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Debt vs Cash (R$ MM)

Company is working on the improvement of its cash position for the forthcoming quarters, which will be possible with the

issuance of debentures to be underwritten by the Controlling Shareholder and related parties in the amount of US$ 200

million. These debentures shall be underwritten according to the Company’s cash requirements during a six-month period.

Debentures

3%

97%

38%

62%

Mar-08 Mar-09

MMX has increased the maturity of its debt from 7 to 18

months in one year, as shown in the graph below:

Indebtedness

Short Term Long Term

www.mmx.com.br

ri@mmx.com.br

55 21 2555 5558 / 2555 5234 (RI)

Thank you!